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This method would be used when speculating on how credit worthy the reference is. This term is also referred to as a credit derivative contract, and is used among brokers.

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12y ago

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If you have a credit card with a balance and you haven't used it in a year and cancelled it would that have a negative affect on your credit rating?

Not as long as you don't default in the payments.


What if you default on a home equity line of credit?

A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.


What is a CDS?

The acronym CDS is a credit default swap. A financial term for a derivative contract whereby one party buys protection against the default of a reference credit and the other counterpary sells the protection, i.e. agrees to receive periodic payments in exchange for providing insurance against the default of an obligor.The acronym CDs is the plural form for compact disk and certificate of deposit.


Can credit union hold title on car if car used as collateral and loan is default?

Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.


What would win- a default Golem or a Default Aquila in steel sentinels?

Depends on how theyre used


Why is it important to look at the five C's of credit before the provision of credit?

this is a method used by lenders to weigh the characteristics of the borrower and their credit worthiness.it also determines if someone should be offered credit or notand for the lender to be certain the borrower will not default on the loan.


Can student credit cards be used to repay loans?

Whether or not a you can repay loans with a credit card depnds on the policies of you debtors. You can pay some student loans with a credit card, if you are in default. However private lenders are under no obligation to accept credit card payments.


Is a building a debit or credit?

Building is an asset for business which is used for generating revenue for more than one fiscal year and like all assets which has debit balance as normal default balance building also has debit balance.


Can your mortgage company pull your credit again?

Yes - and no. They may pull partial credit reports if it is determined that you are a significant default risk or if you are going into default. Also, if you are working on a loan and the old bureau used to qualify you has expired, they do not need to seek permission to repull as they need to to complete the work you have already hired them to do.


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Of course you can but that is not a good swap. An excellent swap would be a 195/55-15.


A sentence for default?

The word default can be used as a noun or a verb. He worried she had chosen him by default. The device was stuck on the default setting.